It's logical for inventory to increase as production increases. If you see inventory as a percentage of production, then this is corrected.

Immediately, the waves with a high at the beginning of the year and the respective low at the end also become visible. Exception the time… https://t.co/fRV7CeejrV pic.twitter.com/S7w3yGzD4x

— Roland Pircher (@piloly) April 3, 2023